He never told you the value he started with.
Shhhh!!! You're not supposed to tell my secrets!
ETA: I just looked at my spreadsheets of my trades this year.
I've made 227 trades with 12 of those trades resulting in a loss. One of those 12 losses was one for JPM in May. I made an unfortunate move and bought JPM the day before the "London Whale" write-down news broke. (No one can accuse me of having insider info on JPM!
) That trade caused a loss of $8,908.77. I bought at $43.197 and sold at $36.69. That one hurt bad. It was by far the biggest loss I've ever had in my day trading. Net of the 12 losses my "profit" this year, Y-T-D, is $48,262.95. Without the JPM loss I would have had over $57,000. DAMN THAT LONDON WHALE!!!
This post was edited on 12/12 at 9:37 am